Chillers Market Is Anticipated To Be Highest Growth Between 2021 To 2031 | Key Players: Daikin Industries, Trane Technology, KKT Chillers

New York, Global Chillers Market report from Global Insight Services is the single authoritative source of intelligence on Chillers Market. The report will provide you with analysis of impact of latest market disruptions such as Russia-Ukraine war and Covid-19 on the market. Report provides qualitative analysis of the market using various frameworks such as Porters' and PESTLE analysis. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.

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Chillers are a type of air conditioning system that is used to cool large spaces such as office buildings, warehouses, and factories. They work by circulating coolant through a system of coils and refrigerant lines. The coolant absorbs heat from the air, and the refrigerant line carries it away to be cooled. The cooled air is then circulated back into the room.

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Key Trends
The main trends in chiller technology are toward more efficient and environmentally friendly units. This is being driven by a combination of factors, including stricter government regulations, higher energy costs, and a growing awareness of the need to reduce greenhouse gas emissions.

One of the most important trends is the move toward using more environmentally friendly refrigerants. Traditional chlorofluorocarbon (CFC) refrigerants are being phased out due to their impact on the ozone layer, and hydrofluorocarbon (HFC) refrigerants are taking their place. HFCs have a much lower global warming potential than CFCs, so they are a much better choice for the environment.

Another trend is toward more efficient units. This is being driven by the need to reduce energy costs and greenhouse gas emissions. Newer units are much more efficient than older ones, so they use less electricity and produce fewer emissions.

Key Drivers
The key drivers of Chillers market are as follows:

1) Increasing demand for air conditioning: The increasing demand for air conditioning is one of the key drivers of the Chillers market. As the world becomes more urbanized and the temperatures continue to rise, the demand for air conditioning is expected to increase.

2) Growing construction industry: The growing construction industry is another key driver of the Chillers market. As the construction industry expands, the demand for Chillers is expected to grow.

3) Increasing industrialization: The increasing industrialization is another key driver of the Chillers market. As industries expand and the demand for cooling increases, the demand for Chillers is expected to grow.

4) Rising living standards: The rising living standards is another key driver of the Chillers market. As people's disposable incomes increase, the demand for Chillers is expected to grow.

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Key Market Segments
The chillers market report is bifurcated on the basis of type, power range, end-user, and region. On the basis of type, it is segmented into screw chiller, scroll chiller, centrifugal chiller, and others. Based on power range, it is analyzed across less than 50 kW, 50-200 kW, and more than 200 kW. By end-user it is categorized into rubber, printing, laser cutting, and others. Region-wise, it is studied across North America, Europe, Asia-Pacific, and rest of the World.

Key Market Players
The chillers market report includes players such as Daikin Industries, Trane Technology, KKT Chillers, MTA S.P.A, Friulair S.R.L, HYDAC International, Thermax Ltd, LG Electronics, Carrier Corporation, and Midea Group Co. Ltd.

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